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Economy
Naira Falls to N1,371/$ as Rising FX Demand and Global Oil Tensions Shake…
Nigeria’s currency came under fresh pressure last week as the naira weakened slightly against the United…
63% of Nigerians Demand Lower Interest Rates Ahead of CBN MPC Meeting
As the Central Bank of Nigeria prepares for its crucial Monetary Policy Committee meeting on May 19 and 20, a…
European Markets Slide as Trump’s Iran Warning Sparks Fresh Global Tension
European stock markets began the week on a negative note after renewed tensions between the…
Africa’s Cement Industry Set to Hit $11.71bn by 2029 Amid Infrastructure Boom
Africa’s cement manufacturing industry is on track for significant expansion, with its total market value projected…
IMF Says US-China Dialogue Could Boost Global Economy Amid Rising Oil and…
The International Monetary Fund (IMF) has welcomed recent high-level discussions between U.S. President Donald…
NGX Market Dips Slightly as Profit-Taking Hits Blue-Chip Stocks Amid Mixed…
The Nigerian Exchange (NGX) recorded a mild downturn in trading activities as profit-taking pressure weighed on key…
SEC Raises Alarm Over Rising Fake Online Investment Platforms Targeting Nigerians…
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians over the growing spread of…
Naira Climbs to N1,853/£ as UK Political Crisis Weakens Pound Sterling
The Nigerian Naira has posted a noticeable rebound in the foreign exchange market, strengthening to around N1,853…
Nigeria, Germany Sign €365m Development Deal to Boost Energy, Agriculture and…
Nigeria and Germany have entered into a major €365 million development and investment partnership aimed at…
OMO sales hit N5.63 trillion in two weeks as 126-day bill draws oversubscription
Nigeria’s fixed income market saw a surge of investor activity as the Central Bank of Nigeria (CBN) recorded a…
Global Trade Uncertainty: World Bank Says Ghana Can Turn Risks Into Opportunities…
Rising uncertainty in global trade and the increasing fragmentation of supply chains may be creating risks for many…
Nigeria, Rwanda Strengthen Bilateral Relations
Nigeria and Rwanda have agreed to strengthen their bilateral relations as both countries move to…
NIBSS Intermittent Failures Trigger Delayed Transactions Across Nigerian Fintech…
Nigeria’s digital payments ecosystem experienced widespread disruptions on Tuesday as the Nigeria Inter-Bank…
Nigerian Stock Market Rally Continues as Equities Gain N1.52 Trillion Amid Strong…
The Nigerian equities market extended its bullish run on Tuesday as investors recorded a combined gain of…
IMF Warns Unrealistic Budgets Are Driving Wider Fiscal Deficits in Sub-Saharan…
Sub-Saharan African countries are facing growing pressure on their public finances as a new report from the…
FGN Bond Auction May 2026: DMO Announces N600 Billion Issuance to Finance…
The Debt Management Office has announced a fresh N600 billion Federal Government of Nigeria bond auction scheduled…
Tinubu blames high borrowing costs for Africa’s weak manufacturing growth
President Bola Ahmed Tinubu has blamed high borrowing costs, illicit financial flows, and restrictive global…
Nigeria’s Oil Production Climbs to 1.66mbpd in April as Output Nears OPEC Quota
Nigeria’s oil production recorded a strong increase in April 2026, with total crude oil and condensate output…
Egypt Overtakes Nigeria on FT Fast-Growing Firms Ranking as Naira Crisis Hits…
Nigeria has lost its long-standing dominance on the Financial Times’ list of Africa’s fastest-growing companies,…
Nigerian Breweries, Guinness, Others Defy Economic Hardship as Revenue Jumps to…
Despite worsening economic conditions and shrinking consumer purchasing power, Nigeria’s leading brewing…
NNPC and NUPRC Remit N322bn, $116.9m Under Executive Order 9 as Nigeria Boosts Oil…
The Nigerian oil sector recorded a major revenue boost as the NNPC Limited and the Nigerian Upstream Petroleum…
Nigeria’s Banking Sector Set for N10.53 Trillion Liquidity Surge as Investor…
Nigeria’s banking sector is on track to receive a massive liquidity boost of about N10.53 trillion in May 2026,…
Dollar Cycles and Middle East Tensions Put African Industries at Risk –…
African manufacturers are raising concerns that recent currency stability across parts of the continent may be…
Nigeria’s Device Market Shifts as 5G Adoption Lags Despite Speed Gains
Nigeria’s smartphone market is undergoing a noticeable shift as consumer behaviour changes and network realities…
CBN Drains Record N30tn Liquidity as Election Spending Fears Mount
The Central Bank of Nigeria (CBN) has intensified its monetary tightening measures ahead of the 2027 election…
FG Moves to Secure Fresh $1.25bn World Bank Loan Ahead of 2027 Elections
The Federal Government is pushing forward with plans to secure a fresh $1.25bn loan from the World Bank to support…
European Stocks Slide as U.S.-Iran Peace Hopes Fade, UK Political Crisis Deepens
European stock markets opened sharply lower on Tuesday as investor confidence weakened following renewed…
PFA grows revenue to N42.4 billion, declares N2 dividend
Access ARM Pensions has reported a strong financial performance for the 2025 fiscal year, its first…
Nigeria to Sanction Poor Telecom Operators as NCC Tightens Service Quality…
Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has urged telecommunications…
FG Threatens Sanctions as Nigerians Lament Poor Telecom Service Quality
Nigeria’s Federal Government has issued a strong warning to telecommunications companies over the worsening quality…